Govt Working On Modalities For A Proper Currency

The government has revealed that it is working on a new currency which will be introduced into the market soon.

The revelations were made by the Acting Finance Minister Sithembiso Nyoni during a post-cabinet briefing in Harare on Wednesday.

Nyoni said that the RTGS$ and bond notes will remain as the legal tender for all domestic transactions as pronounced by the government while the modalities for a new currency are being worked on. She said:

The Minister of Finance (Mthuli Ncube) has announced that we are going to have (a currency).

In fact, the President (Emmerson Mnangagwa) did announce when he was in Harare South (constituency) that we are working on having our own currency. We are working towards that.

But for now, the $RTGS/Bond note is the trading currencies. Our own currency is being worked on.

On Tuesday, the government promulgated Statutory Instrument 242 of 2019 which effectively re-introduced the Zimbabwean Dollar, while at the same time scrapping the multi-currency system.

More: New Zimbabwe

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